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Search Results 0 to 49 of about 352 (some duplicates have been removed)
the wrong way. the economy slinks bringing on fears of a new recession. this is "special report." ♪ ♪ >> bret: good evening. i'm bret baier. hard slap in the face tonight from reality. economy thought to be improving shocked experts and shrank in the final months of last year. huge falloff from gain last summer. white house correspondent wendell goler with an explanation and reaction. >> less than two weeks after the president said in the second inaugural address that an economic recovery had begun, the commerce department said not so fast. the biggest drop in defense spending in 40 years combined with a decline in exports and slow growth in company stock piles slashed economic growth from 3.1% in the third quarter to minus 1/10th in the fourth. first negative quarter since 2009. white house downplayed the report and gave the republicans part of the blame. >> home prices are starting to climb back. consumer confidence overall has been rising and consumer spending is rising. but there is more work to do. our economy is facing a major head wind that goes to your point. republi
programs. a lot of these visa programs, especially when the economy's doing really well and there's a lot of jobs available in the country, they fill up pretty quickly. visas for high-skill immigrants , the tech really wants that, wants more of those. you also have the h-2-b visas for foreign workers kind of for nonagricultural seasonal businesses. and you also have the h-2-a visa program which is mostly for agricultural workers. all these visa programs either have an arbitrary cap or are not being used that widely. basically that what businesses is want is they want to adjust these programs to the market so they can kind of rise and fall with demand. >> we thank you for your time today. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> if you go to most american hivetry textbooks i would also make you a bet, if you go back to the textbooks you had in high high school, you can take me up on my bet, but my bet with you is that in your american history textbooks in high school, if you go to the index, you will find no mention
the economy, and but drug-traffickers out of business. but, it is a slippery slope. ron crumble from within. i agree with you. we also asked the question of gerriwillis.com. 453 to 45 percent said yes, 57 percent said no. more obamacare drama. the congressional budget office estimated the health care law will cost over a trillion dollars over the next ten years and is questioning readiness of the state insurance exchanges. never fear, cbo, the states are hiring navigators, tens of thousands of workers needed to help people register for the health insurance exchanges. according to the "washington post," state officials are facing a herculean task of finding these navigators. long-term cost will have to come from the exchanges, which will rely on fees from insurers. the money for fees will not be available until 2014, far after the navigator's will have to be working in in place. in the meantime, some workers may be funded by federal grants, private money domestic budgets, not good news for most states facing financial straits. california alone is planning to hire 21,000 of these exchange helper
. often they do that in the shadow economy, a place where employers may offer them less than the minimum wage or make them work overtime without extra pay. when that happens, it's not as bad for them, it's bad for the entire economy, because all the businesses that are trying to do the right thing that are hiring people legally, paying a decent wage, following the rules, they are the ones to suffer. they have got to compete against companies that are breaking the rules. the wages and working conditions of american workers are threatened as well. if we are truly committed to strengthening our middle-class and providing more ladders of opportunity to those who are willing to work hard to make it into the middle class, we've got to fix the system. we have to make sure that every business and every worker in america is pulling by the same set of rules. we have to bring in the shadow economy into the light so that everybody is held accountable. the businesses and the immigrants getting on the right side of the law. common-sense. that's why we need comprehensive immigration reform. host: presi
. >> business has created 2.2 million jobs last year. we just learned that our economy created more jobs over the last few months than economists originally thought, but this week we received the first estimate of the economic growth over the last few months. it reminded us that bad decisions in washington can get in the way of our economic progress. >> jamie: just yesterday we saw the recent job numbers tick up and the u.s. economy is worse off than it was four years ago in four major categories. let's take a look. first unemployment rate january 2009, it was 7.8% and it is 7.9%. then under employment, percentage of americans who are not working as much as they are able to. in 2009 it was 14.2% and today it kicked up to 14.4%. four years ago, 12 million americans were out of work and now it's 12.3 million. today less than 64% of americans that are capable of working are actually out there looking. that is down 2% from 2009. let's bring in angela and jehmu greene and former president of the women's media center. nice to see you. okay, let me ask you first, angela, it sounds like more finger p
' they're even willing to hurt the economy itself. it's that's what it takes to hurt the president, they're willing to do it. >> any immediate economic setback or the perception of one could weaken obama's clout. maybe a sour economy is worth it if it will distract obama. >> there's a lot of talk these days about how the gop can come back politically. the quickest possible way politically with a contracting economy, if it happened again in the next quarter, that's a recession. >> shrinking the economy is a gop plan for a quick comeback? a sowerer economy is worth it if it distracts obama? folks, they really mean this. but despite it all. , the economy is improving under this president. we now have 35 straight months of private sector job growth. we've also learned today the economy added over 2 million jobs last year. the best year for the jobs since 2005. republicans are playing politics with people's lives. they're obsessed with cuts instead of jobs. they're focused on spending instead of hiring. the president kept his job because the american people trust him to create jobs for them.
sure the software economy of 9/11 did not jeopardize her ability to create jobs and opportunities for americans at home. tax rates coming down. people should understand the entrepreneurial spirit of america needs to have a predictable tax policy and weight that do not burden the road. right now we have tax rate discussions that ur economy and that's not good. liz: it's hard to understand. the average hard-working american doesn't always understand what is happening. basically presidt george w. bush got vilified for raising the. despite the fact that on his watch the berlin wall fell, the soviet union collapsed or it at the same time, this president that we have a thing that saying that i will not raise taxes on the middle class family. i won't even raise capital gains taxes. how are we, in this day and age, when president barack obama does not get criticized? >> people should look at what the first president bush did when he did have new taxes. it cost him reelection, but he did the right thing. he got something. he he got disciplined into the federal government. he drove discipli
of time will essential double fuel economy up to 54.5 miles per gallon. it does it in a way that collaborates with the automakers themselves in a way that will produce the kind of cars that are safe and effective and perform the way that american consumers want to see. will really provide tremendous benefit. so it's a win for everyone and that i think is my basic message. if you look at on the climate change side, whether we're we ae talking about is over the course of 2012-2025, those vehicles are going to reduce their carbon pollution by 6 billion metric tons. we're talking about 12 billion barrels of oil saved. these are numbers that are not to be sneezed at, ladies and gentlemen. these are very large benefits to society. in terms of automakers can we saw the automakers standing up for the president. we saw them touting this initiative because they knew they could be producing cars that were more efficient and that consumers would want to purchase. and on the consumer side, perhaps consumers here are the biggest winners of all. they are going to get cars that again perfor
, minus one, plus one. all that is a power point. our economy is sluggish today, and there's no reason for it. we have a wonderful country. we have great resources, we still have a free world, the opportunity to move forward. here's my message to the leadership in washington, get in the game. >> thank you. >> join us on monday. have a great weekend. "squawk on the street" starts right now. >>> we have breaking news on this jobs friday. welcome to "squawk on the street." i'm melissa lee, with carl quintanilla and david faber. we're closing in on 14,000. a leg higher in futures just moments ago. the dow looking at 112 points at the open. the s&p 500 looking at about 11 at the open. of course, this is after the best month for january, since january of 1987. as for the picture over in europe, taking the lead from here in the united states in terms of gains, we do see the cap up by 1.3%, and the dax in germany up .6 of 1%. in asia, the real star is the nikkei, embarking on 12-week winning streak with the yen weakening down to 92 versus the u.s. dollar. of course, the road map here starts wi
and cuts in defense spending. it did not announce any new action to stimulate the economy. wall street reacted by giving up some of its recent gains. the dow jones industrial average lost 44 points to close at 13,910. the nasdaq fell 11 points to close at 3,142. those are some of the day's major stories. now, back to jeff. >> brown: whither the economy? that's been the question for quite a while now. today, there was a surprising and perhaps confusing new twist. the commerce department reported that gross domestic product actually shrank in the last quarter of 2012. the drop was small, one tenth of a percent. but it was still the first time economic output had fallen in three and a half years. government spending dropped, most dramatically in the defense sector. the report, though, also contained some positive developments: consumer spending and business investment were both up. and yesterday, the so-called case-shiller index found that housing prices grew in 20 major cities by an average of 5.5% over the previous year. it was the biggest gain in six years. we talk it through, with joe
in the technology industry where it was mentioned that between 2010 2010-2020, the american economy will annually create more than 120,000 additional computer or science jobs that were require at least a bachelors degree. that's just mention one aspect of this. this is great news for many of our computer science students. and for joy that is the end of the good news. each year only about 40,000 american students receive bachelor degrees in computer science. in other words, there are approximately 80,000 new computer science positions every year in the united states cannot be filled by available american workforce positions. and i have positions that need to be filled so that our technology industry can continue to thrive. simply put, u.s. based companies have a great need for those trained in the science, technology, engineering and math fields. but at least right now there are not enough americans trained and ready to fill these jobs. we cannot continue to simply hope that american companies do not move operations to countries where they have greater access for individuals trained in these s.t.e
: meanwhile breaking news on the economy. it's the worst it's been in more than three years. but democrats aren't blaming the tax hikes they just pushed through. no. something else. >> our economy is facing a major headline which goes to your point, and that's republicans in congress. >>steve: darned republicans. democrats' plan? print more money. brian. >>brian: make way for the future site of the obama library. but first we need to get ronald reagan's childhood home out of the way. break out the bulldozer. "fox & friends" starts tphoufplt >>gretchen: good morning. usually when we come in in the morning, we all have our own ways of preparing for the show. unfortunately i have to spend a little bit more time in hair and makeup. and during that time is when i start looking at the news papers, the hard-core ones, not on my ipad. i have to say i was a little shocked at the front cover of the new york post this morning when it hit my lap. that one right there. dan marino, we all know over at cbs sports, hall of fame quarterback with the miami dolphins, probably the best quarterback to not win
killing this economy. the first day back in session the senate voting on a bill that will increase spending by $60 billion, the house wasn't willing to pass an amendment that would offset by spending by strong revisions elsewhere. congress unwilling to pay for the spending and instead want to keep throwing money at a problem. liz: hurricane santa hit a part the u.s. the size of western europe. it was devastating. not all the money will go toward helping out these victims, a lot of it will go to other spending on other items. do you find that to be a problem? all sorts of other things loaded into it. >> less than 50% of the money is actually going to disaster relief for the victims of sandy. sending money to fisheries in alaska. work on the roof of the smithsonian institute. the power of naming things, pet project underneath piggybacking off of disaster and this is why we are 15 to $16 trillion in debt. until the american people hold folks in congress and the president accountable, this is going to continue. we have to get to the crux of the problem. the problem is the american peop
in april. >> we do begin with a stunning gdp report. the economy contracted to 0.1% in the fourth quarter. first decline since 2009. this as we remain on dow 14,000 watch. the index is fewer than 46 points away from that mark. which hasn't been reached since october 2007. the dow component boeing rising pre-market. it earned $1.28 a share in the fourth quarter, beating wall street estimates. it expects no significant impact from any faa directives involving its 787 dreamliner, and is maintaining its production and delivery forecast. let's get to the gdp number. it is apparent that the economy came to somewhat of a screeching halt in the last two months of the year. >> i think cnbe played a big role. i'll calis a one off number. the reason i call it a one off number is there are way too many companies who reported during this period that did not see this level up -- well, let's just say no growth whatsoever. >> decline. that being said, it may be a one off, but it's still a bit surprising, if not scary. >> well, does it not say that the fed's been right in what it's been doing. >> it does.
to bring down the debt. not just as a share of economy, but overall. you're right. it doesn't bring down the debt. at all. mr. speaker, that's the conflict that we face here as a people, as a country, not as republicans, not as democrats, but as a people. on the one hand, what our politicians are saying is we're going to use the money to pay down our debt. but what the reality is is that proposers are coming out today that never, ever, ever pay down a penny of debt. now, mr. speaker, if you want to see that for yourself, you can look. the president's budget each year is posted online, on the o.m.b. website. the first one he submitted, i hold the cover page here, was called a new era of responsibility. it was the first budget that the president ever submitted. but as i go through that budget, mr. speaker, what i see is projects -- proximates for 2020, for 20 -- projections for 2020, for 2030, for 2040, for 260 and for 2080 -- 20 of 6 -- 2060 and for 2080. you hear that, you have children. 2020, 2030, 2040, 2060 and 2080. and in each one of those years, according to the president's budget,
the economy, they say, is starting to turn around. what is going on here? we will bring in the senior business correspondent and anchor of bulls & bears. thank you for joining us. this number, then, is increasing. in fact, two years ago, 42 percent of retirees were putting off retirement. why the increase? >> it has been -- we have been getting more gray as a workforce because people have longer life spans and they have better health. we have switched from defined pension benefits to more risky 401(k) plans for people who have worked longer. the last two years was a dramatic jump leaving us to think it is something to do with the economy. people have been drawing down the 401(k)'s and into their savings because they have lost jobs and the value of homes are going down. the storm now is back where it was before the big financial meltdown in 2008 but, however, there is a feeling of insecurity. that is what is driving people to stay in the workforce longer. >>heather: home prices are rising now, and you mention the stock which has turned around if now. so, with the economy possibly rebounding, ho
horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >>> good morning. welcome back to "starting point." i'm christine romans with a look at your top stories. the bodies of dozens of young men now in the city of aleppo. it appears they were executed with shots to the head. and their bodies were dumped. this as rumblings come out of france that more intervention might be needed to end the carnage. >>> ready for hillary, even if she's not. a group of hillary clinton supporters launching a super pac. they registered last week with the federal election commission and expect to have a website up and running in the next couple of days. before secretary clinton steps down officially, our jill dougherity and elise labotte will conduct her exit interview. >>> a semi in china. a few more feet, a few more inches, this would have been the end. >>> tiger won the farmers insurance open in dominating fashion yesterday, tiger's 75th pga tour win. seven behind the record of sam snead. eighth win at torrey pines, including the 2008 u.s. op
the american economy and strengthen american families. third, creating an effective employment verification system that will prevent identity theft and and the hiring of future unauthorized workers. leslie, an approved process for admitting future workers to serve the nation's workforce needs while simultaneously protecting all workers. other bipartisan groups of senators have stood in the same spot before, trumpeting similar proposals. but we believe that this will be the year that congress finally gets this done. the politics on this issue have been turned upside down. for the first time ever, there has been more political risk in opposing immigration reform than supporting it. host: senator chuck schumer, outlining the details of the immigration reform agreement so far. here is the headline from "roll call," this morning. host: here to talk more about this story, the staff writer at "roll-call," humberto sanchez. have democrats been able to move the ball forward? caller: it appears so, but principle is a big step forward. senator schumer mentioned that. it has been tried for a couple of
. because of what we saw in the final quarter of the year 2012, the economy actually shrank as defense contractors -- or in part because defense contractors said you know he what? the axe is about to fall. get ready for this. we're going to pull back now. remember, we spend more than $900 billion a year on the defense department, on the pentagon, and so these contractors have a lot to say about the overall size of our economy. the president having seen that is going to say look. we have these cuts that we agreed to go into place, but the economy can't handle it right now, so let's kick the can a little bit and do some of these same kinds of cuts, and they call them cuts, but they're not really cuts. sometimes they're reductions to future increases, sometimes they're taking into account things like not fighting in the iraq war any more, and accounting gimmickry to get to the next thing, and then we'll fall off that cliff when we get to it. >> we understand the president is going to highlight some bad things that will happen if this doesn't get resolved, things like kids getting kicked o
. >>> in his weekly address, president obama gave an upbeat outlook for the economy this year. >> we are poised to grow in 2013. the real signs of progress, home prices are starting to climb again. sales are at a five-year high. manufacturing is roaring back. businesses created $2.2 million jobs last year. we just learned our economy created more jobs over the past few months than originally thought. >> joining me is elijah cummings. sir, nice to see you. thanks for joining me. it was a mixed bag for the economy. the gdp detracted but there were good numbers in the report. listening to the president, he sounded optimistic. how do you see the economy? >> i see the economy as being fragile. but definitely moving in the right direction. alex, it's why we have to be so careful with regard to what we do in congress. a lot of the problems that could come about with regard to gdp is a result of the public and business feeling a certain level of uncertainty. we have to make -- we have to do what we are supposed to do in congress, come to reasonable decisions. we have to have some cuts. those cuts have
somethings looking for a better life, better economy. promises made during the revolution. it never came through. the violence has decreased. nothing what we saw over the weekend. but you have people here defying the president's declaration of a curfew and emergency rule where we are in port said. the curfew is technically supposed to go in place in a few hours. but people have told the president, we know there is a curfew. we are protesting anyway. clearly defying him. >> who is in control on the streets? when you look at the pictures you say there is good news that the violence isn't what it was. is there a sense they will continue between the government and protesters that's playing out? lost the signal. we're going to try to get back to him as soon as we can. the turmoil in egypt. real concern for hillary clinton. she talked to cnn about those challenges and what she thinks egypt's struggling new government needs to do. >> it's difficult going from a closed regime and essentially one man rule to a democracy that's trying to be born and learn to walk. there are clear lessons. you have
are focusing on the domestic economy. connell: i hate the media, by the way. charles: don't you? the gdp report was great. the thing that was posted last week was really good. certainly a lot of yellow flags. dagen: hangnail, blame the media. john is, blame the media. connell: let's go to bob, talk about betting on american companies. joining us by telephone today from annapolis. always great to have both on the show. we pull back a little bit today, your positive on the market overall though. what do you make of where we are right now? >> we have come a long way in a short. of time. surprised it didn't happen sooner in my view. i think we are digesting the games. but will we get acceptable economic growth, acceptable earnings growth and will the risks like u.s. politics stay out of the way? the answer is yes and my guess for now it is yes. the path of least resistance is higher. connell: even if you are right, people say boy, initial investors, we will talk later about the fact they have been getting more involved in the market and the inflow starting to look better on that front, but some of
. this has really serious implications. if people stop shopping or -- listen, we have an economy where the gdp number comes out tomorrow that is just short of chugging along. this is really serious stuff. connell: bob schiller later on housing because that is the other side of it. give us a stock pick today. charles: radioshack. i said i would not chuckle. nevertheless, you know what, you remember alexander's -- went from $78 to $12. they do have to reorganize, but they stop selling inexpensive close and all of a sudden there real estate was worth a lot. the volume has been astronomical. it is extraordinarily high risk. something may be going on there. connell: we will take your word for it. charles, thank you. nicole petallides joined as every 15 minutes with stocks now. nicole: i am watching the number one winner on the s&p 500 today. they are pushing near the five-year highs. they are confirming that they are looking to seek five seats on the board there. if they get on there, they will be likely to spin off assets. sell off the retail operation. there are some people who speculate
. a serious slowdown in the economy, that is bad. that is how we start today, the good and the bad. good morning, everyone. the news we are just not growing. our economy is contracting. the economy is shrinking. what a way to start the second term and the president will take the heat with four years into a so-called recovery and failing to uncover real prosperity. now the good, good news on stocks. most people have a piece of a stock market. her money has been on a tear. with housing up as well, maybe middle america will get a wealth effect. "varney & co." about to begin. money. which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more appropriate age. it's not rocket science. it's just common sense. from td ameritde. stuart: good morning, "varney & co." viewers. big trouble for boeing. in a report from japan says the batteries were a concern months before the first reported fire. in fact they h
. >> the state of the economy measures to we need see. >>> are you through raising tax rates? >> i don't think the issue right now is raising rates. the question is if we are serious about reducing our deficit can we stop waste in govment, can we conform healthcare programs in particular. we spend a lot more on healthcare than every other country does and we don't get better outcome. there are things we can do to reduce healthcare costs. >> and can we post loophole deductions lawyers take advantage of so they paoloer rates than bus driver or cop? if you combine those together you cannot only reduce the deficit but continue to invest in things like education and research and development that are going to help us grow. >> just a few hours from now president obama will continue his push for gun control. the heated topic on sunday talk shows. kelly wright is life in washington can more. >> president obama will travel to minneapolis the city that is making steps to curb gun violence. he will talk about the issue that can be taken on the federal level to reduce gun violence. it shows deep de visions
bank independence. and not those. second, our concern is that japan is the third largest economy in the world. pursuing what looks like a deliberate policy of driving down the exchange rate that would potentially have destabilizing effects. after all, japan is not a deficit country. it is still like a strong external position. how would you want those two concerns with people outside japan and how they feel about what you are doing? [inaudible conversations] >> thank you, martin. first of all, you might say that it could undermine the central bank. in the case of japan so far. there has not been any undertakings to share the information that was recovered with the central bank. for the first time we came to an agreement of 2% inflation and the central bank declared that through our own efforts to achieve this ability and in the part of government, in order to achieve growth in the fiscal consolidation for both government and the bank of japan, apparently this is past. so that is the purpose of the joint statement. it is not any divergence from the international standard. then bas
the economy faster or put more people back to work. the problem is we have a stalemate in washington. this week, we received the 50 estimate of america's economic growth and it reminded us that bad decisions in washington can get in the waive our economic progress. >> eric: the president blames republicans, the republicans blame the president. who is to blame? both? we have the chair of the foreign pac and outreach director for john mccain for president and a congressman from pennsylvania. ford, you heard the litany from the president. after all, he is the commander in chief. he is the president... in charge? >> the president is the biggest obstac toll private-sector job growth in america right now. he seem, to we can tax, spend and regulate ourselves to prosperity. the private sector is asking for certainty. because the president doesn't want to pass a budget or modernize spending for bietlements. he is the big issue. it is up to him to take a long look in the mirror. i agree that congress has played a role. he needs to stop worrying about destroying republicans and start worrying a
reality, then the normal? >> i think there is two reasons for that. the economy is terrible the way it is, and people don't want to hire. uncertainty in the regulation, but we need to ask the question, is college more about accreditation our education? more about saying to my went to college, have a degree, are getting a value for investments in that think that is a question that we need to start asking because in the politicking of hundreds of thousands of dollars in student loans and not getting the rate of return. gerri: not even rate of return. the fact that people delay having families, getting married, buying a house. their entire lives are in suspense and while this happens. they stuck to pay this off. >> it is startling. what is scary is i know young people letter saying, on the job, but you don't necessarily have to get a four year degree to get a job. there are other ways to get a well paying jobs. vocational schools. we will always need mechanics and plumbers. you do not need for your education to be a successful small business owner. i think we're losing that. the rich selling
Search Results 0 to 49 of about 352 (some duplicates have been removed)